Barclays PLC Sells 141,862 Shares of APi Group Co. (NYSE:APG)

Barclays PLC lessened its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 38.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 222,419 shares of the company's stock after selling 141,862 shares during the period. Barclays PLC owned 0.08% of APi Group worth $8,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new position in APi Group in the fourth quarter valued at about $125,407,000. Norges Bank acquired a new position in APi Group in the fourth quarter valued at about $98,028,000. Handelsbanken Fonder AB increased its stake in APi Group by 1,106.9% during the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock worth $23,140,000 after purchasing an additional 590,000 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of APi Group by 19.7% during the fourth quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock worth $94,652,000 after acquiring an additional 432,926 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in APi Group by 555.2% during the 4th quarter. LPL Financial LLC now owns 298,615 shares of the company's stock worth $10,741,000 after purchasing an additional 253,039 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APG shares. Truist Financial reaffirmed a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Citigroup reduced their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Robert W. Baird upped their price objective on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.14.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.00% of the stock is currently owned by company insiders.

APi Group Price Performance

Shares of APG traded up $0.19 during mid-day trading on Friday, reaching $37.47. The company had a trading volume of 1,121,875 shares, compared to its average volume of 1,658,101. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of -19.02 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company's 50 day simple moving average is $36.45 and its 200 day simple moving average is $36.55. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.